Common use of Records Respecting Collateral Clause in Contracts

Records Respecting Collateral. The Borrower and Guarantors shall keep complete and accurate books and records and make all necessary entries thereon to reflect the transactions and facts giving rise to the Collateral and payments, credit and adjustments applicable thereto. All books and records of the Borrower and Guarantors with respect to the Collateral will be kept at the Executive Offices (as they may be changed pursuant to Section 5.25.5) and will not be removed from such address without the prior written consent of the Agent.

Appears in 4 contracts

Samples: Credit Agreement (Bassett Furniture Industries Inc), Credit Agreement (Bassett Furniture Industries Inc), Credit Agreement (Bassett Furniture Industries Inc)

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Records Respecting Collateral. The Borrower Borrower, the Guarantors and Guarantors the other Loan Parties shall keep complete and accurate books and records and make all necessary entries thereon to reflect the transactions and facts giving rise to the Collateral and payments, credit and adjustments applicable thereto. All books and records of the Borrower Borrower, the Guarantors and Guarantors the other Loan Parties with respect to the Collateral will be kept at the Executive Offices (as they may be changed pursuant to Section 5.25.55.25.13) and will not be removed from such address without the prior written consent of the AgentBank.

Appears in 1 contract

Samples: Credit Agreement (Bassett Furniture Industries Inc)

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Records Respecting Collateral. The Borrower and Guarantors ----------------------------- shall keep complete and accurate books and records and make all necessary entries thereon to reflect the transactions and facts giving rise to the Collateral and payments, credit and adjustments applicable thereto. All books and records of the Borrower and Guarantors with respect to the Collateral will be kept at the Executive Offices (as they may be changed pursuant to Section 5.25.55.22.5) and will not be removed from such address without the prior written consent of the Agent.

Appears in 1 contract

Samples: Credit Agreement (Scansource Inc)

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